That is why the cosigner is there. To back up the contract if you bail.
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yes.
It should not hurt your credit score unless you don't pay.
OF Course it does! IF you just got bankrupt it does hurt your credit score really badly!
The act of divorce does not damage your credit.
Yes, collections can hurt your credit score. When a debt is sent to collections, it indicates that you have not paid it as agreed, which can lower your credit score.